Corporate Law: How to Register a Private or Public Company in Nigeria.

procedure for obtaining business permit
Procedure For Obtaining Business Permit
January 4, 2019

Corporate Law: How to Register a Private or Public Company in Nigeria.

The experience assisting clients in company registration in Nigeria as the lawyers licensed & accredited  by Corporate Affairs Commission has shown that understanding  the legal requirements involved to register a company and related issues could be very challenging or confusing for new entrepreneurs, startups, local or non-Nigerian business owners without a lawyer’s help or guide with wealth of experience in corporate practice in Law (Companies & Allied Matters Act LFN2004.). It is now compulsory that all Private and Public Companies must be registered online through Corporate Affairs Commission Portal.

However, the following are the concise and simplest legal requirements to know:

  • Suggest name and type of Company (Private or Public Limited Liability Company).

 

  • Instruct your Solicitor or Agent to conduct the search on the propose Company name at the Corporate Affairs Commission (CAC) to confirm its availability. Reserve the name, if available

 

  • Inform your Solicitor about the nature of the Company (nature of business) of the Company.

 

  • Shareholding structure/Shareholders minimum 2 Directors, Shareholders and their addresses.

 

  • Names of initials Directors and their addresses and

 

  • Registered office, Residential Address & Government issued means of identification.

 

  • Prepare Memorandum and Articles of Association in line with the Client’s instructions.

 

  • Confirm suitability of the draft Memorandum and Articles and prepare final copies which must conform with the new CAC Standard Memo in the portal.

 

  • Complete statutory forms and pay stamp duty

 

  • Submit all documents online duly stamped Memorandum and Articles, the statutory forms and Director’s consents to CAC and pay filing fee.

 

  • Present at the CAC all original duly signed documents and obtain Certificate of Incorporation and certified true copies of Form CAC 2.3 (formerly Form C07), and the Memorandum and Articles of Association.

 

  • Without query on the application for company registration the certificate should ready within 14days to collect the original copy of Certificate of Incorporation in any of CAC offices nationwide in Nigeria

 

We provide best corporate legal services in Nigeria as the leading international commercial Law firm that assist and support clients in various areas of commercial and corporate law practice in Nigeria. Our services generally includes Company incorporation & formation for Local and Foreign Investors, setting up of foreign owned company & due diligence, Corporate Governance,banking  & financial technology (fintech start-ups), intellectual property registration, energy, oil & gas law, government licensing and approvals, drafting laws and operating agreements, Partnership Agreement, Corporate Finance, Purchase or Sale of existing Company, Purchase or Sale of Intellectual Property, Dissolution of Company, drafting commercial contracts, Import & Export, Distribution, and other business, commercial and Corporate Law services.

Our capable and smart lawyers and attorneys in Lagos Nigeria are ready to help and assist you on all the above legal services.